New Rules To Cap Credit Card Late Fees At $25

New Rules To Cap Credit Card Late Fees At $25

New rules announced today will take some of the sting out of those penalties that hit you when you don’t pay your credit card bill on time. Most fees will be capped at $25, regardless of your balance, and can be much lower in some cases. If your minimum payment is $10 and you’re late, your late fee can’t go above $10. [More]